History 1807 Lecture 23: Lecture 23
4 Jan 2016
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Document Summary
The state was the main force for capitalism. Key people start to evolve in the economy, that the two were becoming. Karl marx is basically the first person to critique the capital system. He suggests that capitalism has the seeds within it of its own. He predicted that capitalism will fall apart. Political and business people fixed the system and implemented reform, welfare, and regulation to avoid a collapse based on marx theory destruction second world war. Majority of business people like these regulations for the welfare state. The doubts that the state can run without the gov. were gone after the. As the war was over, companies were really influenced by the state. Since the 1970s, we are seeing the collapse of the order. Globalization is usually referred to as a good thing. Capitalism is a philosophy born of the theories of adam smith. Democracy is being born near the end of the 1800s, gives people the.
